Parkway completes sale of certain Thomas properties to Brandywine Realty Parkway Properties (PKY) announced that it completed the sale of Thomas Properties' (TPGI) ownership interest in two office properties located in Philadelphia, Pennsylvania known as Commerce Square to Brandywine Realty Trust (BDN), based on a gross property value of $331.8M. Additionally, Parkway announced that it completed the sale of Thomas Properties' Four Points Centre and a contiguous land parcel located in Austin, Texas to Brandywine for a gross sale price of $47.3M. Parkway received approximately $93.5M in net proceeds from the sale of these assets.
News For BDN;PKY;TPGI From The Last 14 Days
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